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HBR's Top Performing CEOs: Financial Results and Sustainability — A Complex Relationship
HBR's Top Performing CEOs: Financial Results and Sustainability — A Complex Relationship

4 years ago - The Harvard Business Review (HBR) recently published its 2016 list of the world’s top 100 CEOs. As in the past, HBR’s staff looked at the financial and ESG (environment, social, governance) performance of the CEOs of 1,200 large companies. They used a measure of financial performance developed by a team of Harvard academics for 80 percent of their score. The remaining 20 percent came from averaging two overall measures of corporate sustainability performance, including CSRHub.

Unilever Signs White House Equal Pay Pledge
Unilever Signs White House Equal Pay Pledge

4 years ago - Unilever US announced today it joins 29 companies, including corporate members Target, Coca Cola, CVS, and Hersheys, in signing the White House Equal Pay Pledge. Unilever believes that business plays a critical role in reducing the pay gap. By signing the pledge, Unilever US commits to conducting an annual company-wide gender pay analysis, reviewing hiring and promotion processes and procedures to reduce unconscious bias and structural barriers, and embedding equal pay efforts into broader equity initiatives. The pledge reaffirms the company's commitment to the advancement of women’s economic inclusion as a business priority and Unilever will continue to conduct comprehensive analyses of rewards and compensation across the organization.

GSK, GE, Nestlé, Nike, Novozymes Among Companies ‘Changing the World’
GSK, GE, Nestlé, Nike, Novozymes Among Companies ‘Changing the World’

4 years ago - Fortune has published the second edition of its “Change the World” list of the top 50 companies that are delivering positive social impact. Once again developed in partnership with Mark Kramer and Michael Porter’s non-profit social impact consulting firm FSG and their Shared Value Initiative, a platform for organizations seeking business solutions to social challenges, this year’s ranking focused on businesses that created shared value through activities that were also part of the companies’ core business strategy.

Target, CVS Expand Wellness, Healthy Food Efforts
Target, CVS Expand Wellness, Healthy Food Efforts

4 years ago - In 2014, CVS made headlines when it rebranded to CVS Health and made the bold decision to discontinue the sale of all tobacco products. In September, the company claimed that the latter decision had a wider impact on public health; the data showed that cigarette sales were down across a variety of retailers in the states where CVS had greater than 15 percent market share.

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CVS Health Makes $50 Million Five-Year Commitment to Deliver the Nation's First Tobacco-Free Generation As Next Step Toward Smoke-Free Living
CVS Health Makes $50 Million Five-Year Commitment to Deliver the Nation's First Tobacco-Free Generation As Next Step Toward Smoke-Free Living

5 years ago - CVS Health, the nation's largest pharmacy innovation company, today announced Be The First, a five-year $50 million

How the World's Best Companies Demonstrate Their Sense of Purpose
How the World's Best Companies Demonstrate Their Sense of Purpose

5 years ago - How do you communicate your company's sense of purpose — what you stand for in simple terms — in a way that is authentic, transparent and honest? Increasingly, the answer for many of the world's biggest companies is to highlight their sustainability work. Why sustainability? Well, sustainability, after all, is rooted in doing business in a transparent and authentic way. And, in today’s always-on, smarter-than-before society, pledging to be a better company just won’t cut it. You have to demonstrate how your company’s purpose is creating a tangibly better experience.

Courageous Companies: 7 Corporate Sustainability Pioneers Shaking Things Up
Courageous Companies:  7 Corporate Sustainability Pioneers Shaking Things Up

5 years ago - The bold thinking and actions taken by corporate sustainability trailblazers often challenge the status quo and alter the concept of a company’s role in society. The following companies are leaders. They have taken principled stances or have implemented innovative programs that lead to better social and environmental conditions. In some cases, a company is included here just because of some radical statement from the CEO. But, they are the kinds of statements and actions we need if we are to move past incremental improvements and achieve transformative change on our way to sustainability.

Green Freight for a More Sustainable Supply Chain: Accelerate Performance and Declare a Goal
Green Freight for a More Sustainable Supply Chain: Accelerate Performance and Declare a Goal

5 years ago - For great sports teams, the big win marks a beginning, not an end. It whets their appetite for excellence, and more wins.So it is with companies who’ve had success in meeting sustainability targets through greener freight transportation strategies. Early wins trigger a planned effort, with dedicated resources, to uncover more opportunities. It’s a pattern we’ve seen time and again at brands that have made green freight a linchpin of CSR efforts – the green freight heroes.Freight accounts for 16 percent of corporate-driven climate pollution, so there’s no shortage of impactful opportunities. The challenge comes in assessing the priority projects and maintaining a focus on continuous improvement.

CVS' No Smokes Decision Decreased Tobacco Sales in Chains Across the US
CVS' No Smokes Decision Decreased Tobacco Sales in Chains Across the US

5 years ago - One year after drugstore chain CVS Health stopped selling cigarettes, the company released new data that shows the decision has influenced tobacco sales across many types of retailers and announced a new school-based tobacco-prevention program.

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CVS Health Taps IBM's Watson to Develop Care-Management Solutions for Chronic Disease
CVS Health Taps IBM's Watson to Develop Care-Management Solutions for Chronic Disease

5 years ago - CVS Health and IBM have announced they will use predictive analytics and Watson cognitive computing to transform care management services for patients with chronic disease. The partnership will enable health care practitioners to use Watson to advance care management beyond programs and services typically available today.

Trending: Major Brands Adopting Bold Anti-Smoking Stances
Trending: Major Brands Adopting Bold Anti-Smoking Stances

5 years ago - While a shift in consumer attitudes away from smoking has been mounting for decades, major brands are now stepping up to do their part to extinguish the unhealthy habit.First, CVS Health Corporation resigned from the U.S. Chamber of Commerce last week, after exposing the Chamber’s involvement in lobbying campaigns against anti-smoking laws. CVS says selling cigarettes is antithetical to its strategy to become a healthcare destination.

How to Shift Product Portfolios and Influence Entire Industries: The Evolution of a Few Remarkable Pivots
How to Shift Product Portfolios and Influence Entire Industries: The Evolution of a Few Remarkable Pivots

6 years ago - Talk about big players making big changes; CVS Health’s SVP of CSR and Philanthropy, Eileen Howard Boone; BASF’s Sustainability Manager, Denise Peterson; and Panera Bread’s Director of Public Relations, Jonathan Yohannan had a lot to share on their remarkable pivots this past year.

CVS Health Foundation, Easter Seals Team Up To Mark World No Tobacco Day With Launch Of New Smoking Cessation Program For Veterans, People With Disabilities
CVS Health Foundation, Easter Seals Team Up To Mark World No Tobacco Day With Launch Of New Smoking Cessation Program For Veterans, People With Disabilities

6 years ago - Program supported by $400,000 CVS Health Foundation Grant aimed at helping people lead tobacco-free lives 

CVS Health: Financial Incentives Help Smokers Quit
CVS Health: Financial Incentives Help Smokers Quit

6 years ago - Employer-sponsored smoking cessation programs with financial incentives are associated with higher rates of quitting smoking and sustained abstinence, according to a new study by the CVS Health Research Institute and researchers at the Perelman School of Medicine at the University of Pennsylvania.Published today in the New England Journal of Medicine, the study helped shape a new smoking cessation program for CVS Health employees that will launch in June 2015.

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CVS Health Kicks Off 2nd Annual Fundraiser to Fight Lung Cancer
CVS Health  Kicks Off 2nd Annual Fundraiser to Fight Lung Cancer

6 years ago - CVS Health today released its eighth annual Corporate Social Responsibility (CSR) Report, outlining the company's progress against its CSR strategy, Prescription for a Better World. President and CEO Larry Menlo stated that changing its name to CVS Health and no longer selling tobacco products reflect how the company is working to change the way health care is delivered. Menlo added that the company’s ultimate goal is to lower the cost, improve the quality of, and increase access to health care for patients and customers so they can live healthier lives.

CVS Health Foundation Announces Grant Awards to Reduce Youth Tobacco Use
CVS Health Foundation Announces Grant Awards to Reduce Youth Tobacco Use

6 years ago - WOONSOCKET, R.I., March 18, 2015 /PRNewswire/ -- The CVS Health Foundation, a private foundation created by CVS Health (NYSE: CVS), today announced the first four grant recipients in its "Making the Next Generation Tobacco-Free" grant program – a five-year, $5 million partnership with the 

CVS Health Foundation $5 Million Community Health Investment Improves Access, Affordability
CVS Health Foundation $5 Million Community Health Investment Improves Access, Affordability

6 years ago - WOONSOCKET, R.I., April 7, 2015 /PRNewswire/ --The CVS Health Foundation, a private foundation created by CVS Health Corporation (NYSE: CVS), today announced 55 new grant recipients as part of its multi-year, $5 million commitment to increase access to health care in communities nationwide.

CVS Health Hits Record Sales After Knocking Out Tobacco
CVS Health Hits Record Sales After Knocking Out Tobacco

6 years ago - CVS Health achieved record sales in 2014 — increasing net revenues by 9.9 percent to $139.4 billion — even after a major rebrand and the removal of lucrative tobacco products from its stores’ shelves.

The 2014 Corporate Sustainability Awards: 5 Companies That Bravely and Brilliantly Led the Pack
The 2014 Corporate Sustainability Awards: 5 Companies That Bravely and Brilliantly Led the Pack

6 years ago - 2014 was a year of stunning statistics and some moments of brilliance from a few brands. Unfortunately, most of the numbers were of the gloom and doom variety: warmest year, worst drought, worsening economic inequality — not to mention Ebola, war, and a looming sixth Great Extinction. Was the business community’s response proportionate to the scale of the problems that were revealed? What actions stand out? I have five, admittedly subjective, awards to give out.

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Sustainable Supply Chains: Can Retailers Be the Rising Tide That Lifts All Boats?
Sustainable Supply Chains: Can Retailers Be the Rising Tide That Lifts All Boats?

6 years ago - A whopping 97 percent of environmental impacts in the retail sector come from the product itself — from raw materials, transportation and product manufacturing. With impacts so heavily weighted in the supply chain, retailers are increasingly and creatively wading upstream to partner with their suppliers on their greatest impacts. The key to success lies in selecting the appropriate supplier engagement method and then using that approach as a vehicle to deeper collaboration. But can successful retailer approaches truly motivate meaningful supply chain improvements?The benefits of engagement

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